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☆ Credit Agricole, AXA to bid this week for Banco BPM's insurance deal-sources
▼ + stars: | 2022-10-18 | by ( Andrea Mandala | ) www.reuters.com time to read: +2 min

Credit Agricole has bought 9.2% of Banco BPM this year with a view to expanding their strategic partnerships beyond consumer finance. Insurance and asset management, which Banco BPM has put at the core of its profit strategy, are seen as the obvious candidates. Banco BPM, AXA, Credit Agricole and Generali all declined to comment. Banco BPM CEO Giuseppe Castagna recently said the bank was in no rush to select an insurance partner. In August Banco BPM had indicated it would take a decision by the end of the year.

☆ Hollywood star, tech execs invest in Italian start-up Bending Spoons
▼ + stars: | 2022-09-27 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterActor Ryan Reynolds gestures as he speaks during a conference at the Cannes Lions International Festival of Creativity in Cannes, France, June 22, 2022. REUTERS/Eric GaillardMILAN, Sept 27 (Reuters) - Italian app developer Bending Spoons has raised more than $340 million from investors including Hollywood actor Ryan Reynolds and Kerry Trainor, the former CEO of video streaming platform Vimeo (VMEO.O), it said on Tuesday. Register now for FREE unlimited access to Reuters.com RegisterOther backers included Italian banks Intesa Sanpaolo (ISP.MI) and Banco BPM (BAMI.MI), the Milan-based start-up said in a statement. Since launching in 2013, Bending Spoons has registered more than 500 million downloads and has 90 million monthly active users, according to its website. (This story corrects currency in first paragraph to dollars from euros)Register now for FREE unlimited access to Reuters.com RegisterReporting by Elvira Pollina Writing by Gianluca Semeraro Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

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